Unusual Options Activity: 10 Stocks To Watch (December 19)
It’s time to review several stocks that had unusual options activity over the last week. Although traders can never be sure why these trades take place (and who’s making them), I believe it’s important to be aware of notable options activity as an indicator for directional bias.
Here’s a weekly recap of 10 stocks that had unusual options activity and what, if any, significance these trades may have.
Unusual Options Activity: 10 Stocks With Notable Trades
TTM Technologies (NASDAQ:TTMI): 5,000 June 2017 $17.50 calls were bought for $0.65. There was follow through on Tuesday and Wednesday with open interest now at 8,151 contracts. On average, 65 calls traded per day prior to this action.
Salesforce.com (NYSE:CRM): There was a rollout from 5,000 Dec 16 $68.50 puts (credit $0.34-$0.40 credit) into 5,000 Jan 20 2017 $67.50 puts ($1.49-$1.55 debit) in Salesforce stock options. On … Read More »
Unusual Options Activity
Green Plains (GPRE)- Roughly 1,700 May $31 calls were bought for $1.35-$1.85. Earnings are due out on April 28th (shares have moved higher on 3 of the last 4 reports).
Hertz Global (HTZ)- More than 10,000 Apr 24 weekly $20.50 calls have traded with the majority bought for $0.50. Yesterday, Thrifty Car Rental, a division of Hertz, announced they are expanding to Singapore.
Michael Kors (KORS)- 1,500 May 29 weekly $60 puts were purchased for $1.75 early this morning. Yesterday, Mizuho downgraded the stock to neutral, citing competition from Kate Spade and slowing comp growth as a reason.
Owens Corning (OC)- A rollout from 7,000 May $43 calls ($1.35 credit) into 7,000 June $43 calls ($1.90 debit). This trade occurred yesterday as well. Earnings are due out tomorrow morning.
Staples (SPLS)- 3,000 Sep $14 puts were sold for $0.55 and 3,000 Jan … Read More »
Smart Money Report
GOOGL- Google is set to announce Q1 earnings after the bell tonight. Analysts are looking for $6.40 in EPS and revenue of $15.5 billion. The options market is implying a $29.95 move, or 5.37%, in either direction through Thursday’s close. Call to put ratio in (GOOGL) options is currently 1.77, led by activity in the Apr. 19 $600 calls. The stock has moved higher on four out of the five previous earnings reports.
MS- Morgan Stanley will release Q1 earnings before the bell tomorrow morning. Analysts are looking for $0.60 in EPS and revenue of $8.5 billion. Option traders are pricing in a $1.17 move, or 3.95%, in either direction through Thursday’s close. The put to call ratio in (MS) options is currently 1.18, led by a seller of 5k Jan. 2015 $30 puts for $3.00 each. The stock has moved … Read More »